Riverview, Schoolcraft County, Michigan Property Taxes

Name: Property Tax Bills Across Riverview, Schoolcraft County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Riverview, MI effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Riverview, MI home value: $204,200
Median annual Riverview, MI tax bill: $1,533, $867 lower than the Michigan state median property tax bill, and lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft calculated?

Property taxes in Riverview, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Riverview's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riverview, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Riverview, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,532

$1,421

Ownwell’s Riverview Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Riverview with just two data points. By entering your property's estimated assessed value, our calculator applies Riverview’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Schoolcraft County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Riverview, Schoolcraft County, Michigan

Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Riverview in Wayne County, MI, showcases a property tax rate that is higher than the national median rate of 1.02%. This places Riverview among the higher taxed areas when compared to both the state and national averages. The median property tax rate in Michigan is 1.54%, which is above the national median, indicating that Riverview's rate is consistent with the state's overall trend of higher property taxes. This can lead to higher property tax bills for homeowners, influencing the overall cost of living in the area. Understanding these rates is crucial for homeowners looking to manage their expenses effectively.

Property Tax Rates Across Riverview, Schoolcraft County, Michigan

Source: Ownwell

0.68%

1.04%

1.41%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Riverview Tax Rate

0.75%

Median Effective Schoolcraft County Tax Rate

1.00%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Riverview, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Riverview, Schoolcraft County, Michigan

When examining property taxes in Riverview, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Schoolcraft County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Schoolcraft County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Riverview. For example, the median home price in Riverview is $204,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Riverview, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median Riverview Market Value

$204,200

Median Schoolcraft County Market Value

$118,200

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Riverview, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Riverview, Schoolcraft County, Michigan

In Riverview, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the market value of the property. The median home price in Riverview is $204,200, and the median property tax rate in Michigan is higher than the national median of 1.02%. This results in a significant property tax bill for homeowners. Tax bills in Riverview can range widely, with 25% of homeowners paying around $1,170 and 75% paying up to $1,884, while 10% face bills as high as $2,314. These taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners can feel the pinch of these taxes, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their tax bills, ensuring they only pay their fair share and can save money for other important expenses.

Property Tax Bills Across Riverview, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median Riverview Tax Bill

$1,533

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Riverview, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell